Skilling

Rating: 0.6 / 5

Scandinavian-owned and Maltese-registered broker Skilling joins the list of FinTech companies disrupting traditional Forex and multi-asset brokers. Regulated by the Seychelles-based FSA and the UK’s FCA, Skilling promises a trading environment for everyone interested in financial markets, offering 800+ assets from three trading platforms. I conducted an in-depth review to find out if the FinTech core of Skilling delivers a competitive edge to traders. Should you open an account with this promising broker?

Skilling Website Screenshot

Broker Details

Headquarters
Cyprus
Established
2016
Min Deposit
$100
Execution
ECN/STP, Market Maker
Regulators
CySEC, FSA

Trading Conditions

Trading Hours
CryptocurrenciesMonday 00:00 - Sunday 24:00
ForexSunday 22:05 - Friday 22:00
CommoditiesSunday 23:00 - Friday 22:00
European CFDsMonday 08:00 - Friday 16:30
US CFDsMonday 14:30 - Friday 21:00

Trading Costs & Spreads

EUR/USD
1.4 pips ($14.00)
GBP/USD
1.7 pips ($17.00)
Gold
$0.35
Bitcoin
$107.00
WTI Crude
$0.10

Platform & Features

Trading Platforms
MetaTrader 4, cTrader, Proprietary platform, Web-based
Regulators Detailed
Financial Services Authority
Country: Seychelles
License: License Number SD042
Cyprus Securities and Exchange Commission
Country: Cyprus
License: License Number 357/18
Financial Conduct Authority
Country: United Kingdom
License: FRN 810951

Pros

  • Excellent choice of trading platforms and support for algorithmic trading
  • High leverage and well-balanced asset selection
  • Reasonable commission-free trading costs
  • Quality selection of cryptocurrency CFDs and sports team tokens

Cons

  • High minimum deposit for premium, commission-based trading accounts

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